Social Security Can Wait. Really.
by Craig Jennings, 6/23/2008
A "Brookings Alert" in my inbox this morning directs me to an op-ed by Brookings Senior Fellow Alice M. Rivlin and U. Mich Prof. John W. Kingdon entitled "Next President and Congress: Tackle Social Security First." Oy. I'm going to outsource this one to Shawn Fremstad over at Inclusion. What's missing from Rivlin and Kingdon's op-ed is any reality-based account of why Social Security should even be on the list of problems that the next administration needs to tackle over the next four years. According to CBO, the Social Security surplus a decade from now will be around $250 billion. Moreover, Social Security is fully solvent, under current projections, until 2046. There are real crises out there. Social Security just isn't one of them.